Frederick J. Holzgrefe III - 04 Aug 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
04 Aug 2022
Net transactions value
-$2,347,793
Form type
4
Filing time
08 Aug 2022, 16:42:10 UTC
Previous filing
03 Aug 2022
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $754,723 +11,430 +78% $66.03* 26,053 04 Aug 2022 Direct
transaction SAIA Common Stock Options Exercise $255,811 +2,553 +9.8% $100.20 28,606 04 Aug 2022 Direct
transaction SAIA Common Stock Sale $3,358,326 -13,983 -49% $240.17 14,623 04 Aug 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -2,553 -50% $0.000000 2,554 04 Aug 2022 Common Stock 2,553 $100.20 Direct F1
transaction SAIA Stock Options (Right to buy) Options Exercise $0 -11,430 -100% $0.000000* 0 04 Aug 2022 Common Stock 11,430 $66.03 Direct
holding SAIA Phantom Stock 5,288 04 Aug 2022 Common Stock 5,288 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 5,070 04 Aug 2022 Common Stock 5,070 $277.86 Direct F1
holding SAIA Stock Options (Right to Buy) 6,460 04 Aug 2022 Common Stock 6,460 $200.81 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.
F2 The conversion rate of this derivative security on August 4, 2022 is 1.1475 resulting in 6,068.645 shares of common stock (underlying security in column 7).
F3 Immediate
F4 The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.